Question 1153424
Compound Interest Formula

{{{FV = PV(1+r/n)^(Yn)}}}

where 
{{{PV}}}= is the present value
{{{r=0.07}}} (is the annual interest rate), 
{{{Y=7}}} is the number of years invested
{{{n =52}}} is the number of compounding periods per year. 
{{{FV= 9243.87}}} is the future value, meaning the amount the principal grows to after {{{7}}} years 

{{{FV=PV(1+r/n)^(Yn)}}}

{{{9243.87=P(1+0.07/52)^(7*52)}}}

{{{9243.87=PV(1.001346)^(364)}}}

{{{9243.87=PV(1.631687)}}}

{{{PV=9243.87/1.631777027349066)}}}


{{{PV=5665}}}


answer: b. ${{{5664.91}}} rounded it's {{{5665}}}